German stocks saw a modest rise on Thursday, driven by speculation that the European Central Bank may decrease borrowing costs come spring.
Bank of France Governor, Francois Villeroy de Galhau, expressed on France Info radio the likelihood of this action occurring in June. He elaborated that they would be appraising the situation based on the data available. The spring season in Europe spans from April to June 21.
The benchmark DAX rose by 37 points, which represents a 0.2 percent increase, ending up at 17,998 after a somewhat negative close the previous day.
In business updates, K&S, a salt and potash mining company, saw a 5 percent incline after surpassing annual results expectations and providing an optimistic outlook.
Conversely, container shipping company, Hapag-Lloyd, experienced a nearly 2 percent drop due to their cautioning of a potential decrease in this year’s earnings.
The shares of electricity producer RWE went up around 1 percent, following their decision to maintain their current guidance. Specialty chemicals manufacturer Lanxess, however, suffered an 11 percent dip after posting a wider loss for Q4.
